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India needs 4 times defence budget to meet 2020 coal target 

India needs 4 times defence budget to meet 2020 coal target 

The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
 

Coal imports in July dip 11% to 18 MT

Coal imports in July dip 11% to 18 MT

Coal imports during July declined by 11.1 percent to 18.03 million tonnes (MT) on the back of higher domestic availability of the fossil fuel.

Coal India Limited's 66 coal mine projects facing delays

Coal India Limited's 66 coal mine projects facing delays

State-owned CIL's 66 projects are facing delays due to reasons including land acquisition problem as well as rehabilitation and resettlement issues.

Power costs may reduce by 50 paisa per unit on coastal movement of coal

Power costs may reduce by 50 paisa per unit on coastal movement of coal

Coastal movement of coal could cut power costs by 50 paisa per unit for power plants besides saving Rs 17,000 crore annually, a report under government's ambitious Sagarmala project has said.

No shortage of coal; 23 days stock available for power plants

No shortage of coal; 23 days stock available for power plants

There is no shortage of coal in the country and coal stock for 23 days is available with thermal power stations, Lok Sabha was informed Thursday.

Coal imports likely to decline to 160 MT in FY'17

Coal imports likely to decline to 160 MT in FY'17

Country's coal imports have declined 5 percent in the first two months of 2016-17 and the number is expected to reach 160.16 million tonnes in the ongoing fiscal, Parliament was informed on Monday.

Coal India violating Human rights: Amnesty International

Coal India violating Human rights: Amnesty International

Human rights group Amnesty International has claimed that "abusive laws and the poor enforcement of safeguards" at coal mines is leading tribal communities to oppose expansion of these blocks.

Coal India board approves buy back of 10.89 cr shares worth Rs 3,650 crore

Coal India board approves buy back of 10.89 cr shares worth Rs 3,650 crore

The Finance Ministry is pushing for buyback of shares by Central Public Sector Enterprises (CPSEs). This is being done for two purposes to generate cash for the government and help push the valuation for any divestment.

Power tariff likely to go up by 8-10%: Know why!

Power tariff likely to go up by 8-10%: Know why!

Power tariff is likely to increase by 8-10 percent in the country after Coal India decided to hike the commodity's prices, Tata Power CEO and Managing Director Anil Sardana has said.

Parliamentary panel asks coal PSUs, govt to recover dues

Parliamentary panel asks coal PSUs, govt to recover dues

Expressing concerns over the large amount of dues that need to be recovered by all coal PSUs, including CIL's Rs 11,032 crore, a Parliamentary Panel has asked the government as well as the state-owned firms in the sector to take steps for the recovery.

Coal India Limited to hold e-auction for power plants next week

Coal India Limited to hold e-auction for power plants next week

State-run Coal India Limited (CIL)will next week hold the first phase of special e-auction for the ongoing fiscal to provide coal to power producers as part of the government's efforts to ensure round-the-clock electricity to all.

CIL abolishes incentive on high grade coal to push sales

CIL abolishes incentive on high grade coal to push sales

Mining behemoth Coal India Ltd has decided to abolish performance incentives it used to earn on the supply of coal beyond certain levels.

FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment

FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment

Finance Ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.

CIL unions to meet Piyush Goyal Monday, may discuss disinvestment

CIL unions to meet Piyush Goyal Monday, may discuss disinvestment

Five worker unions of state-owned CIL will meet Coal and Power Minister Piyush Goyal Monday to deliberate on various issues, including disinvestment.

CIL looks to auction coal linkages by Mar-end or early April

The government had this week issued broad guidelines for the methodology of the auction.

Coal India Limited to hire 1,000 employees in 2016

Coal India Limited to hire 1,000 employees in 2016

State-owned CIL will hire 1,000 people in different streams this year to bolster its workforce, as the Maharatna firm eyes one billion tonne output by 2020.

Coal India Q3 profit jumps 14% to Rs 3,718 crore as sales tick up

Coal India Q3 profit jumps 14% to Rs 3,718 crore as sales tick up

Coal India accounts for over 80 percent of the domestic coal production.

CIL to provide short-term linkages to end-use plants

CIL to provide short-term linkages to end-use plants

State-owned Coal India will provide short-term linkages to the end-use plants of those central and state PSUs, both in power and non-power sector, whose coal blocks could not begin production.

Coal India Limited eyes coal mines in South Africa

Coal India Limited eyes coal mines in South Africa

As it gears up to meet 1 billion output target, state-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally.

Coal India January output at 52.86 MT; misses target

Coal India January output at 52.86 MT; misses target

State-run miner Coal India Monday said it acheived a production of 52.86 million tonnes coal in January, lower than the target of 56.18 MT for the month.